Medical equipment leasing, as opposed to buying, is a practical option for hospitals and other medical facilities that do not have the cash readily available to purchase large equipment. This type of financial solution is designed to provide business owners with the assets they require...
According to the Small Business Administration, only half of all new establishments survive for more than five years. Alternatively, one-third of businesses manage to make it past the ten years mark. Unfortunately, this statistic is far from surprising as young businesses typically struggle with insufficient cash...
As you probably already know, it is important to maintain a well-established business credit score. However, are you aware of how it relates to the success of your business? Unlike your personal credit score, which measures strictly personal credit history, a business credit score determines your...
How does your business keep track of money in versus money out? The budgeting process is vital when it comes to controlling financial situations. If you do not currently have a monitoring process, I promise this exercise will be quite enlightening. What is budget and why it...
Equipment financing is a type of loan specifically designed to buy equipment to supplement business ventures. When your business is in need of equipment, but you lack the capital to buy it outright, equipment financing is a solution. It works by establishing a line of credit that is then used purchase...
What is a Working Capital Loan? A working capital loan is a loan that has the sole purpose of financing the everyday operations of a business. Working capital loans are not always used to acquire long term assets, but instead to cover short term funding expenses such as accounts payable and...
There are best practices to follow that guide financial success. Failure to adhere to these simple steps may result in a not so desirable outcome. This concept applies when borrowing money, as well. What should you (as a business owner) do to ensure that the whole process...
Are you in the market for new equipment or technology for your business but are lacking the capital to buy it outright? If you answered ‘yes’ to that question, then equipment leasing may be a viable option. The Skinny on Equipment Leases Every successful business comes to a point...
The plethora of business loan options made available to business owners today is overwhelming. However, the good news is that businesses of any size can qualify for assistance. According to a U.S. Bank study, a whopping 82% of businesses that fail do so because of cash flow...
As an entrepreneur, launching, growing and maintaining a business can be an owner’s biggest obstacle. From time to time, your business may require quick access to cash. Whether it’s needed to hire and train new employees or make upgrades to existing equipment, a working capital loan may be the...
